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The lawsuit, filed final March, alleges greater than $9 billion in investor funds grew to become trapped in Grayscale’s Bitcoin Belief (GBTC), following the collapse of FTX. The grievance fashioned a part of wider efforts to retrieve and “maximize” recoveries for FTX prospects whose funds have been funds misplaced by, or locked on, the failed cryptocurrency trade and its associates’ platforms. The swimsuit additionally alleged Grayscale had excessively excessive charges. Monday’s submitting didn’t present a cause for Alameda dropping the swimsuit.
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